Salzgitter (SZGPY) Expected to Announce Earnings on Monday

Salzgitter (OTCMKTS:SZGPY) is expected to release its results before the market opens on Monday, November 10th. Analysts expect Salzgitter to post earnings of ($0.05) per share for the quarter.

Salzgitter (OTCMKTS:SZGPY) last announced its earnings results on Monday, August 11th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.16). The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Salzgitter had a negative net margin of 4.45% and a negative return on equity of 9.40%. On average, analysts expect Salzgitter to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Salzgitter Trading Up 4.7%

OTCMKTS SZGPY opened at $3.23 on Friday. The business has a fifty day simple moving average of $3.06 and a 200 day simple moving average of $2.69. Salzgitter has a 12 month low of $1.58 and a 12 month high of $4.09. The firm has a market capitalization of $1.75 billion, a P/E ratio of -3.76 and a beta of 1.50.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Zacks Research upgraded shares of Salzgitter from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. BNP Paribas raised shares of Salzgitter to an “outperform” rating in a research report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

About Salzgitter

Salzgitter AG, together with its subsidiaries, engages in steel and technology businesses worldwide. It operates through four segments: Steel Production, Steel Processing, Trading, and Technology. The Steel Production segment manufactures steel and special steels, such as hot-rolled wide strip, steel sheet, sections, tailored blanks, as well as scrap trading.